Japan, S. Korea to End Currency Swap Program

17/02/2015

Japan and South Korea have agreed to end their 14-year-old currency swap arrangement this month.

Singapore Sets Out Plan to Boost Crowdfunding

17/02/2015

The Monetary Authority of Singapore (MAS) has set out a proposal that will give companies easier access to alternative sources of funding through securities-based crowdfunding (SCF).

DTCC’s Legal Entity Identifier Service Gathers Momentum

16/02/2015

The Global Markets Entity Identifier utility of the Depository Trust & Clearing Corporation, offered in collaboration with SWIFT, has issued over 165,000 legal entity identifiers (LEIs) to entities from over 140 jurisdictions, representing about 50% of all issued LEIs.

China, US Officials Discuss Banking Security Rules

13/02/2015

China’s proposed banking security rules requiring foreign technology firms to turnover source codes and submit to audits were among items discussed in a recent high-level talks between Beijing and the U.S.

Australian Banks Defend Corporate Tax Practices in Senate Inquiry

10/02/2015

Australia’s largest banks were among financial institutions that defended their corporate tax practices in submissions to the Senate inquiry, which is currently looking into the adequacy of the country’s corporate tax laws.

HKEx Plans to Add More HK Stocks in Cross-Border Link

10/02/2015

Hong Kong Exchanges and Clearing Ltd plans to add more stocks to be traded under the Shanghai-Hong Kong cross border trading scheme ahead of the proposed opening of the Shenzhen-Hong Kong link within the year.

India’s RBI Tightens Compliance Amid Iran Export Scam Probe

10/02/2015

The Reserve Bank of India (RBI) has ordered banks to tighten monitoring of export finance deals, saying lenders should ensure that only legitimate export advances flow into India.

Hong Kong Regulator Endorses Revised Banking Code

08/02/2015

The Hong Kong Monetary Authority has endorsed a revised code of banking practice that requires the city’s banks to uphold international banking practices in areas of disclosure and transparency, responsible business conduct and financial education.

Managing Liquidity is Key to Risk Control

06/02/2015

Meeting cash and liquidity management standards in Basel III are driving the development of advanced systems.